Previously, under the background of fund earning effect, some listed companies rarely tested the investment of public fund products. However, it is still difficult for listed companies to select investment objects from nearly 9300 funds.
People in the industry are mainly worried about the impact of short-term investment of listed companies on the performance of public funds and private funds, especially when they become the main channel of listed companies.
Hangzhou Weiguang Electronic Co.Ltd(002801) Investment Fund
Keli Sensing Technology (Ningbo) Co.Ltd(603662) water testing Balanced Fund
On March 23, the annual report of Hangzhou Weiguang Electronic Co.Ltd(002801) disclosure with the concepts of new energy and military industry showed that as of the end of the reporting period, a total of 16.5 million yuan had been spent to hold eight public fund products, including two new energy themed funds and one military themed fund, specifically Qianhai Kaiyuan new economic fund, shenwanlingxin new energy vehicle fund and e Fangda national defense military industry fund managed by star fund manager Cui Chenlong, The initial investment cost of the above three partial equity funds is 500000 yuan.
However, generally speaking, Hangzhou Weiguang Electronic Co.Ltd(002801) although it is optimistic about the military industry and new energy funds related to its own concept, it is still relatively cautious in investment. The remaining five funds held by the listed company are all bond funds, which is also the most important part of Hangzhou Weiguang Electronic Co.Ltd(002801) in fund investment.
According to the information disclosed in Hangzhou Weiguang Electronic Co.Ltd(002801) disclosure, three of the eight funds invested had losses at the end of the reporting period, and four of the five funds with positive returns were bond funds, of which GF convertible bond fund was the fund with the largest profit, and the largest loss came from shenwanlingxin new energy vehicle fund.
Despite the temporary losses of three funds, the investment of Hangzhou Weiguang Electronic Co.Ltd(002801) the above funds still showed weak positive returns at the end of the reporting period, but its overall profit was less than 100000 yuan.
In addition to Hangzhou Weiguang Electronic Co.Ltd(002801) , another A-share listed company Keli Sensing Technology (Ningbo) Co.Ltd(603662) also participated in the investment of public fund products.
Keli Sensing Technology (Ningbo) Co.Ltd(603662) 3 the financial progress disclosed on March 8 shows that the listed company participated in the investment of new public offering Bodao fund products under Mount Motai, and the initial investment amount of the company in Bodao growth Zhihang fund is 10 million yuan.
According to the information disclosed by Bodao growth Zhihang fund, the style of the fund is relatively balanced and the investment style is not radical. Nevertheless, as of March 23, 2022, the net value of Bodao growth Zhihang fund still failed to resist market fluctuations, and the net value has fallen to about 0.8638 yuan, which also means that Keli Sensing Technology (Ningbo) Co.Ltd(603662) of this investment has lost about 13.62%.
However, the above-mentioned public fund products account for a relatively small proportion in the entrusted financial management of Keli Sensing Technology (Ningbo) Co.Ltd(603662) and in the entrusted financial management disclosed by the company in the last 12 months, Keli Sensing Technology (Ningbo) Co.Ltd(603662) involves the investment of 41 financial products, of which only one product of Bodao growth Zhihang fund is a public fund.
Guangzhou Kingteller Technology Co.Ltd(002177) heavy position QDII big loss
There are many reasons why listed companies are more restrained from public funds, especially partial stock products.
According to the information disclosed by Guangzhou Kingteller Technology Co.Ltd(002177) A-share listed company, the company expects a loss of 45 million to 65 million yuan in 2021, and part of the loss of Guangzhou Kingteller Technology Co.Ltd(002177) is the loss of the company’s investment in public funds.
The reporter of Securities Times noted that in the advance loss of Guangzhou Kingteller Technology Co.Ltd(002177) annual report, the impact of non recurring profit and loss on net profit is expected to reach – 29 million yuan to – 41 million yuan, which is mainly caused by the loss of securities investment of the company, while the loss of securities investment is mainly public fund products, and all of them are partial stock funds.
According to the information disclosed by the listed company, the largest source of the company’s securities investment loss during the reporting period was the partial stock QDII fund of a public fund in China. After spending about 200 million to increase its holdings of the QDII fund last year, the loss on this fund product alone has reached 37.2 million yuan.
In addition, Guangzhou Kingteller Technology Co.Ltd(002177) also holds a public offering product managed by a star fund manager in China. This star fund ranks the third largest source of losses in Guangzhou Kingteller Technology Co.Ltd(002177) securities investment. The purchase amount last year was about 30 million yuan, and by the end of the reporting period, it had lost 11.3 million yuan.
In addition, under the “trend” of bottom reading in the Hong Kong stock market last year, Guangzhou Kingteller Technology Co.Ltd(002177) also entered the market through the Hong Kong stock fund under the public offering fund, Guangzhou Kingteller Technology Co.Ltd(002177) bought about 170 million yuan of the Hong Kong stock fund under the first China Public Offering Fund last year, and the investment loss of the Hong Kong stock fund was close to 8 million yuan at the end of the reporting period.
A person from a fund company in South China said that most of the customer groups of listed companies are divided up by bank trust channels. However, with the transformation of bank financial management to net worth, financial management income continues to decline, and low volatility fund products may attract the attention of listed companies again. However, in the context of an increasing number of fund products, the selection of fund products is also a technical activity, which may require the support of investment advisers.
Market participants believe that the original intention of some listed companies participating in fund investment may be to use the fund to obtain higher returns than other financial products and enhance the performance flexibility of listed companies, although there is great uncertainty in terms of short-term market fluctuations.
